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An exceptional opportunity to secure a high-profile development site in the heart of the Geelong CBD, offering holding income while you plan its future potential. Leased for five years from 1 October 2023 (with no further options), the property provides flexibility and income security during the early planning phases.

Occupying 1,616m² approx. of Activity Centre Zoned land, the site includes an existing 1,100m² approx. building and benefits from a preferred building height of up to 60 metres - unlocking the potential for breathtaking views across Corio Bay and the wider Geelong region.

38–40 Mercer Street is a rare chance to secure a significant CBD holding with both income and immense future potential.

• Total land of 1,616m² approx. with existing 1,100m² approx. building
• Secure 5-year lease commenced 1 October 2023 (no options)
• Activity Centre Zoning with preferred height limit of 60m^
• Scope for multiple development outcomes (STCA)
• Elevated outlook with expansive Corio Bay and city views
• Close proximity to Geelong Train Station, Westfield Shopping Centre, and key cultural and commercial precincts
• Surrounded by major infrastructure and development projects, including the Geelong Convention and Exhibition Centre and port upgrades
• Activity Centre Zoning